45:22A-46.2 - Resale, transfer of dwelling unit, certification of compliance with rules of age-restricted community - New Jersey Statutes

45:22A-46.2  Resale, transfer of dwelling unit, certification of compliance with rules of age-restricted community.

2.Notwithstanding any law or governing document to the contrary, the purchaser or grantee by operation of law of a dwelling unit in an age-restricted community shall be required to certify, prior to the resale or transfer by operation of law of a dwelling unit within the community, that the dwelling unit will be occupied by a person of an age that ensures compliance with the "housing for older persons" exception from the federal "Fair Housing Amendments Act of 1988," Pub.L.100-430 (42 U.S.C. ss.3601 et seq.) for that community as set forth in section 100.301 of Title 24, Code of Federal Regulations.  The certification shall be on such form as may be prescribed by the Commissioner of Community Affairs, but shall not exceed one page in length.  A copy of the certification shall be provided to the purchaser for recording.  For the purpose of P.L.2008, c.71 (C.45:22A-46.1 et al.), "resale" shall mean any sale of a dwelling unit within an age-restricted community, other than the initial sale of the unit made by the developer to a purchaser.

L.2008, c.71, s.2.